Quadrant Capital Group LLC Boosts Stake in ASML Holding (NASDAQ:ASML)

Quadrant Capital Group LLC increased its stake in shares of ASML Holding (NASDAQ:ASML) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,072 shares of the semiconductor company’s stock after buying an additional 187 shares during the quarter. Quadrant Capital Group LLC’s holdings in ASML were worth $2,822,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ASML. Carnegie Investment Counsel increased its holdings in shares of ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 868 shares during the period. Central Pacific Bank Trust Division acquired a new position in ASML in the 4th quarter worth approximately $1,174,000. State Street Corp raised its position in ASML by 5.2% during the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after buying an additional 7,010 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in ASML by 36.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company’s stock valued at $18,243,000 after acquiring an additional 7,073 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of ASML by 12.2% in the 4th quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company’s stock valued at $6,764,000 after acquiring an additional 1,062 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ASML. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their target price on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Price Performance

Shares of ASML stock opened at $605.55 on Friday. The firm has a market cap of $238.24 billion, a PE ratio of 29.11, a P/E/G ratio of 1.62 and a beta of 1.67. The business has a 50-day moving average price of $716.73 and a 200 day moving average price of $726.43. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a twelve month low of $597.69 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. Sell-side analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be paid a dividend of $1.5855 per share. The ex-dividend date is Monday, April 28th. This is a boost from ASML’s previous dividend of $1.08. ASML’s payout ratio is currently 31.35%.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.